Altai Updates on Unsolicited Offer
Published : September 06, 2013
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Keywords :   Canada | Gold | Market | Oil |

TORONTO, ONTARIO--(Marketwired - Sept. 6, 2013) - Altai Resources Inc. (News - Market indicators) (US SEC Rule 12g3-2(b) File # 82-2950) ("Altai" or the "Company") would like to remind shareholders that they should defer taking any action in respect of the offer from Zara Resources Inc. ("Zara") until shareholders have received further communication from the board of directors of Altai. Following a detailed review of the offer by a special committee, Altai will mail a directors' circular which will contain important information including a recommendation to shareholders of Altai with respect to the offer. As the offer by Zara is open for acceptance until October 28, 2013, there is no need for Altai shareholders to take any steps in respect of the offer by Zara at this time.

Niyazi Kacira, President, commenting on the offer, said, "The Board of Directors is proceeding, with the assistance of its legal advisors, to review the Zara offer. Shareholders are urged to take no action concerning the offer until the Board makes its formal recommendation. Shareholders will be notified by the Board of this recommendation through a news release and directors' circular in accordance with applicable securities laws."

ALTAI RESOURCES INC. IS A RESOURCE COMPANY WITH OIL AND GAS AND GOLD PROPERTIES IN CANADA.

We seek Safe Harbour.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.



SHAREHOLDERS CONTACT:
Altai Resources Inc.
Maria Au, Secretary-Treasurer
(416) 383-1328
(416) 383-1686 (FAX)
info@altairesources.com
www.altairesources.com
or
MEDIA CONTACT:
Bayfield Strategy, Inc.
Riyaz Lalani
(416) 907-9365
rlalani@bayfieldstrategy.com
Data and Statistics for these countries : Canada | All
Gold and Silver Prices for these countries : Canada | All

Altai Resources

CODE : ATI.V
ISIN : CA02136K1084
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Altai Res. is a gold and cobalt exploration company based in Canada.

Altai Res. holds various exploration projects in Canada and in Philippines.

Its main exploration properties are SIBUYAN in Philippines and OKA NIOBIUM and ABIOR (MALARTIC TWP) in Canada.

Altai Res. is listed in Canada and in United States of America. Its market capitalisation is CA$ 3.3 millions as of today (US$ 2.4 millions, € 2.3 millions).

Its stock quote reached its highest recent level on June 06, 2008 at CA$ 3.95, and its lowest recent point on March 20, 2020 at CA$ 0.03.

Altai Res. has 55 113 552 shares outstanding.

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Financings of Altai Resources
5/30/2013Cancels Private Placements
Nominations of Altai Resources
7/11/2013Announces Appointment of a New Director to Its Board
7/2/2013Announces Election of the Board of Directors and Confirmatio...
Financials of Altai Resources
7/23/2009Second Quarter F/S and MD&A ended 30 June 2009
5/20/2009First Quarter F/S and MD&A ended 31 March 2009
11/7/2008Third Quarter F/S and MD&A ended 30 September 2008
8/21/2008Second Quarter F/S and MD&A ended 30 June 2008
Project news of Altai Resources
6/25/2012Altai Resources Inc. - Press Release of June 25, 2012
6/5/2012Upcoming Events of Altai Resources Inc.
5/24/2012Altai Resources Inc. - Press Release of May 24, 2012
5/20/2011Upcoming Events of Altai Resources Inc.
Corporate news of Altai Resources
6/25/2014Altai Announces Election of the Board of Directors
9/16/2013Reports That Quebec Bureau De Decision Invalidates Zara's Ho...
9/6/2013Press Release of September 6, 2013
9/6/2013s on Unsolicited Offer
8/29/2013Comments on Zara's Unsolicited Offer; and Announces Adoption...
8/20/2013Press Release of August 20, 2013
8/1/2013Press Release of August 1, 2013
8/1/2013Announces Stock Option Grants to New Directors
7/11/2013Press Release of July 11, 2013
6/7/2013Board of Director Nominations
6/4/2013Press Release of June 3, 2013
4/10/2013Press Release of April 9, 2013
7/9/2012Press Release of July 9, 2012
7/15/2011Press Release of July 15, 2011
7/12/2011Press Release of July 12, 2011
10/8/2009Updates on Its Utica Gas Project, Quebec
3/11/2009ALTAI ANNOUNCES EXTENSION OF WARRANT TERM
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